Genesis Digital Assets buys 20K Bitcoin miners after $125M raise
Canaan has also granted Genesis Digital Assets an opportunity to buy up to 180,000 additional BTC mining machines. Go to Source Powered by WPeMatico
Month: August 2021
Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency
The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify Crypto Taxation in Slovenia The Financial Administration … Read more
Chinese banks explore e-yuan for selling investment funds and insurance
Bank of Communications and China Construction Bank are working with fund managers and insurers to facilitate e-yuan payments for Chinese citizens. Go to Source Powered by WPeMatico
‘Remarkable’ on-chain metrics could spell Bitcoin, Ethereum bull market return — New report
On-chain data is showing more and more similarities to mid- and late-2020 — the springboard period for the Ether and Bitcoin bull market. Go to Source Powered by WPeMatico
MUFG boosts its crypto exposure following $41M Zipmex funding round
Thailand’s Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex. Go to Source Powered by WPeMatico
Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist
According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained Two Years Ahead of Schedule The increase, which … Read more
Tennis star Naomi Osaka shows interest in Dogecoin, launches NFT
Osaka has been in talks with her agent about cryptocurrencies after reading about Dogecoin on Twitter. Go to Source Powered by WPeMatico
PayPal reportedly looks to take on Robinhood with stock trading
PayPal has reportedly conducted discussions to acquire a broker-dealer but is unlikely to launch the new investment service this year. Go to Source Powered by WPeMatico
Bitcoin price sinks to $46.7K despite record accumulation and supply shock events
Everything is bullish but the price when it comes to Bitcoin on Tuesday, the market still waiting for cues. Go to Source Powered by WPeMatico
Nigeria’s central bank partners with fintech firm Bitt Inc for CBDC rollout
The CBN considered Bitt Inc’s experience in the development of the Eastern Caribbean Central Bank’s DCash, launched in April. Go to Source Powered by WPeMatico